Education sector dominates job creation – NBS

National Bureau for Statistics, NBS has said that education sector has contributed most in job creation in a study it carried out on employment generation in the country.
Statements signed by the Bureau’s Statistician-General, Yemi Kale shows that a total of 164,293 jobs were created in the third quarter 2012. Out of this number the Education sector recorded the highest number of jobs 54.8 per cent. Most jobs, about 40 per cent, were created in the “Managerial, Professional and Technical Workers” cadre among the youths aged 15 – 35.
The survey shows that there are more physically challenged employees who are in the male category with 71.8 per cent. The major reason given for hiring new employees was “To fill a position vacated by ex-employees”.
The total number of employees that exited their jobs as at the end of third quarter stood at 56,528 with majority of them from the Clerical and Related Office Worker staff cadre with 18,549 32.8 per cent employees.
While in the case of sector, Education sector recorded the highest number of employees that exited with 18,972 representing 33.6 per cent. The main reason given by majority of the employees 20,087 for exiting was “to pursue further education”; this represented 35.5 per cent of employees who exited in the 3rd quarter of 2012.
A study in the distribution of ownership structure indicates that 98.7 per cent of the establishments in the formal sector are owned by Private individuals and Faith based Establishments while the remaining 1.3 per cent is owned by government.
The survey also shows male dominance of Sole Proprietorship in the legal status of establishments with 83.5 per cent.
In the distribution of employees full and part-time by staff cadre, „managerial, professional and technical workers’ cadre recorded the highest number of employees with 808,916 (33.9 per cent.
The informal sector represents the greatest number of estimated jobs created with 240,359, which is 55.25 per cent of all jobs created in the Nigerian economy for the 3rd quarter of 2012.
The Nigerian economy has shown impressive growth rates averaging about seven per cent over the past five years, despite the global financial crisis.
However, the national unemployment rate has increased over the same period, from about 12.7 per cent in 2007 to about 23.9 per cent in 2011.
In January, 2012, the Economic Management Implementation Team EMIT under the chairmanship of the Minister of Finance, Dr. Ngozi Okonjo-Iweala directed the Statistician General to commence the conduct of a quarterly survey on job creation, in order to monitor and assess the impact of the Transformation Agenda and other initiatives on job creation.